Study on Broker Role and ACA
Last week, the Georgetown University’s Center on Health Insurance Reforms, in conjunction with the Urban Institute, released a report about the role health insurance agents and brokers have played enrolling and supporting millions of new people in coverage over the past year. The study, which is favorable about the role of the broker in the new health insurance marketplace, makes six policy recommendations that the authors believe would help agents assist even more consumers in the years ahead.
This study provides valuable academic evidence to the continued and future role health insurance agents have in helping support both individual and business consumers with their coverage needs in a reformed health insurance marketplace. Many of the recommendations the authors make are reforms that SMB have called for to better support agents and brokers in both the federal and state-based exchanges since day one.
The conclusive outcome is that Brokers will be needed as a sustainable model to support future enrollment. “Consequently, many may seek to leverage insurance brokers to conduct consumer education and help people enroll in marketplace plans. As evidenced here, sources interviewed have many concrete suggestions for increasing broker sales of marketplace plans, potentially increasing enrollment under the ACA. The amount that increased broker sales can reduce the number of uninsured.”
Reminder: 2015 Open Enrollment ends this week by Feb 15th. For more information regarding both Exchanges – Individual Exchanges or SHOP please contact our team at Millennium Medical Solutions Corp (855)667-4621. We have Spanish, Russian, and Hebrew speakers available. Quotes can also be viewed on our site.
- Federal government health care site: www.healthcare.gov
- Kaiser Health Reform Subsidy Calculator:http://healthreform.kff.org/subsidycalculator.aspx